11 Mile RdWarrenMI48091
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Warren at 11 Mile Rd, Warren, MI, 48091 priced at $195,000 converts $1,774/mo rent into $489/mo cash flow after a $954/mo obligation. Total monthly income equals $1,774/mo, and annual cash flow totals $5,862/yr on $64,643 invested. Return on cash invested prints 28.98% in year one, and rental yield reads 10.92% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 152.03% and total cumulative return in cash sums $98,278. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,774/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1961
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48091, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,459 (100%) |
| Owner Occupied HU | 8,240 (61.2%) |
| Renter Occupied HU | 4,146 (30.8%) |
| Vacant Housing Units | 1,073 ( 8.0%) |
| Median Home Value | $159,378 |
| Average Home Value | $188,888 |
Housing Distribution
Address Breakdown
Residential
12,396
Single Family
11,641
Multi-Family
755
Businesses
826
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